Oberoi Realty's Q1FY26 Results: Net Profit Falls 27% to ₹421 Crore
Mumbai-based premium real estate developer Oberoi Realty reported a 27.93% year-on-year decline in net profit to ₹421.3 crore for the quarter ending June 2026. The company's revenue also fell significantly, while gross bookings surged in new project launches.
Real EstateOberoi RealtyFinancial ResultsProperty DevelopmentMumbaiReal Estate MumbaiJul 21, 2025
The company’s net profit for Q1 FY25 was ₹584.5 crore. The revenue from operations during Q1 FY26 stood at ₹987.6 crore, down by 29.71 per cent YoY. This decline in revenue also missed the estimate of ₹1,619.4 crore, further highlighting the challenges faced by the company.
Meanwhile, the company’s total expenses during the quarter were ₹573.8 crore, down 14.3 per cent YoY. Despite the reduction in expenses, the decline in revenue and profit is a cause for concern.
During the quarter, Oberoi Realty launched Tower D at the Oberoi Elysian project in Mumbai’s Goregaon, where it sold ₹1,000 crore worth of housing units at launch. This new project launch demonstrates the company’s continued focus on high-end real estate development in key locations.
In Q1 FY26, 181 units with a carpet area of 3.53 lakh square feet were booked across the company’s inventory available for sale. The gross booking value stood at ₹1,639 crore. Sequentially, the company’s revenue declined by 14.13 per cent, while its profit fell marginally by 2.8 per cent.
The company’s key upcoming projects include Tower H in Mumbai’s Borivali, with a gross development value (GDV) of ₹2,400 crore; a project in Worli’s Adarsh Nagar (₹6,500 crore GDV); and a project in Gurugram with an estimated GDV of ₹9,100 crore. These projects are expected to drive future growth and revenue for Oberoi Realty.
The company’s board of directors also declared an interim dividend for FY26 at ₹2 per equity share, which is 20 per cent of the face value of equity shares of ₹10 each. This dividend declaration is a positive signal to investors, despite the challenging financial results.
The company’s shares closed at ₹1,835.50 per equity share on Monday, reflecting the market's mixed reaction to the financial results and the company's strategic initiatives.
Oberoi Realty’s Q1FY26 results highlight the ongoing challenges in the real estate sector, particularly in premium segments. However, the company’s strong project pipeline and strategic launches suggest a resilient approach to market conditions. Investors and analysts will be closely watching the company’s performance in the coming quarters to gauge its ability to recover and grow in a competitive market.
Frequently Asked Questions
What was Oberoi Realty's net profit for Q1 FY26?
Oberoi Realty's net profit for Q1 FY26 was ₹421.3 crore, down 27.93% year-on-year.
How did the company's revenue perform in Q1 FY26?
The company's revenue from operations during Q1 FY26 stood at ₹987.6 crore, down by 29.71% year-on-year.
What new project did Oberoi Realty launch in Q1 FY26?
Oberoi Realty launched Tower D at the Oberoi Elysian project in Mumbai’s Goregaon, selling ₹1,000 crore worth of housing units at launch.
What are some of Oberoi Realty's upcoming projects?
Oberoi Realty's key upcoming projects include Tower H in Mumbai’s Borivali, a project in Worli’s Adarsh Nagar, and a project in Gurugram.
What interim dividend did Oberoi Realty declare for FY26?
Oberoi Realty declared an interim dividend for FY26 at ₹2 per equity share, which is 20% of the face value of equity shares of ₹10 each.
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